PT Money

Always great to see rich people complaining as I wish I had that much equity in my house.

No, I can’t say that I feel sorry for Ed McMahon at all. He never brought a check to my house so I don’t really care. Maybe he should be trying asking the people that he brought money to over time?

People deserve fair, fixed, low-interest mortgages … Ed McMahon was irresponsible, not ripped off and misled like thousands of lower-income families. Nevertheless, kicking an 85-year-old out of their home, regardless of the reasons, isn’t something I would want to be responsible for. He is elderly, might as well let him relax and live out his years. And the Fed needs to finally do something to support the American people and stop running them into the ground.

Yeah, i have a hard time feeling sorry for him as well. He should have managed his wealth and relationships better – and if he couldn’t afford it – sold the house sooner.

I also have a hard time feeling sorry for a lot of people who face foreclosure. Home ownership isn’t something everyone should be doing. People need to examine their priorities and know what they’re getting themselves into. You are responsible for your own actions, and no one forced you to get that mortgage you can’t afford. Yes the companies giving loans to just about everyone out there have a lot to answer for as well – but seriously people – have some personal responsibility!

Can’t everybody just give the poor guy a break? He did, after all, bring us Star Search…

biblemoneymatters.com? Thought Christ was compassionate. Sure no one “forces” anyone into a mortgage they can’t afford, but are low-interest, fixed-rate mortgages readily available to middle-income families needing a home? No! So people are “forced” through lack of options into sub-optimal mortgages. Housing is a need, therefore, it is an area that is ripe for exploitation. Maybe regulating the banking industry wasn’t such a bad idea after all!

I have trouble feeling sorry for him as well. Doesn’t really sound like he is taking responsibility-”You know, things happen…..” and blaming his divorces.

@ ellen – While having housing is a need, it isn’t a requirement to buy a home. Renting is a good option as well. For some perspectives on that I would refer you to beingfrugal.net.

I think a lot of people have a “I want it now and I don’t want to wait and work for it” type mentality.

Christ was compassionate, and I do my best to be compassionate as well. I do my best to help others in need. But, I’m also for personal responsibility, and for helping people to make wiser decisions. Buying a home when you can’t afford one is not a wise decision.

I think this is great. I’m gonna contact a lawyer now and see if I can start up a donation to help me buy a home. Maybe that’s what we all need to do?!?

I’m with you on calling BS on Ed. There’s people out there that could use his donations much more than he could. He’s crying about his million dollar home but did you see the homes that washed away recently. Those folks may need a donation.

Reminds me of a person asking for change on the subway: “know what the best nation is? A Do-Nation!”

Anyone need more Kleenex while I’m up getting a refill on maudlin beer.

If this would be my only concern, I would be a happy man. How weak is that, crying on TV that he loses his multi million house. A slap in a face of people who are really suffering to get anything to eat day by day or lost their family because of a tragedy. Or whatever.

Those people are complaining on a high level and would never stop. He probably complained some years ago that he couldn’t effort a 12 million home because he still had to pay off his Ferrari, Yacht and whatsoever!

The only thing I feel sorry over is the Realtors and Banks, somewhat for the US Government and much more for all the consumers that will be faced with the question, “Do I go for the Ethanol ideology for my fossil fuel vehicle or can I get it converted to electric or do I go and try to purchase a electric car with my small monetary amount hoping that it will make ends meet and I not lose my home”. It is a sham folks, it is your freedom that is being taken from you over the idea that America must play the OPEC swindler game and allow price gouging from a non protected source which would guarantee low prices without any increases. So why is this theft being allowed, it is similiar to robbing the US Treasury legally and don’t try to con me into believing it is cause of some VIP causing it cause it is over the supply not the demand. So America could have more oil drilling and America can get Ethanol started to be distributed to add to the gasolines and mix the product which is planned that someday to no more gasoline just Ethanol. If you had the opportunity by a government grant to get a free electric vehicle conversion of your own vehicle I just bet you would convert it instantly without anyother consideration so you would then become one of many out of the OPEC OilGrid and based on the projections of the rising demand by the year 2025 and the increased totals of the vehicles needing fuel (now Ethanol instead of gasoline) whatever is available will be still in short supply. This story can have a better tune to it, suppose the Banks and Realtors agreed to fund the Electric Vehicle Conversion Foundation so consumers could get a Free Electric vehicle Conversion and have price guarantees without increases. Wouldn’t that be a better position for Realtors to produce the land and the Banks the money for it to happen. Just ask Congress if it can be possible to support this concept instead of having to find a loan to purchase a new Electric Vehicle just out of a concept factory which gets its energy from Electricity or is a Hybrid, remember a smaller engine (4 cylinder) on Ethanol might be the worst idea that has ever been passed in Congress. So Mr. McMahon and family do yourselves a favor and join in with the trillions of folks that want to stop the foreclosure rate by promoting Free Electric Vehicle Conversion. Thanks.